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Purpose

This position reports to the Manager, Cash Application under SBS. The primary responsibility is to provide Accounts Receivable Accounting services in the Asia region. This position is responsible to handle payments from customers by applying remittances to open invoices in the SAP system within service level agreement (SLA) in compliance with company policies and practices

Nature and Scope

This position requires frequent interaction with credit & collection team/Banks/Intercompany team/billing/treasury team to resolve any cash application issues. The incumbent must possess the ability to perform detailed account audits and clear document findings and provides essential support to the function supervisor in developing processes for new initiatives

The incumbent must well verse understanding of the cash application process and should report to Accounts Receivable Supervisor. Jobholders must have strong interpersonal and good communications skills with collection team to implement any changes that necessary to ensure all cash application processes are functioning in compliance with company policies and practices




DIMENSIONS

Volume of cash application to support:

Asia 380,000+ Average payment from customer annually

Job Description

PRINCIPAL ACCOUNTABILITIES


Responsible for applying payments based on payment remittances and instructions from the Collection Team and customer
Performs monthly reconciliation of cash application offset entries and verifies that all reconciliation for A/R accounts is completed accurately on time
Responsible to Process other transactions, i.e.: Offsets, Check requests, direct debit, bad Debts/Dispute items Write Off and B-Codes (small dollar journal entries).
Ensure email inquiries from all party must be responded within 2 working days. Liaise with Collection Team to have effective communication to process payment
Closely follow up with Collection Team regarding over/short payment from customer as well as unallocated terms and unknown payments
Be flexible to change supporting regions when the workload requires
Meet yearly KPIs goal on monthly basis including SLA and unallocated cash
Support on any SOX and statutory audit inquiries from internal and external auditors. Ensure all transactions are being performed based on standard work process to comply with Finance policy.
Ensure effective communication with collection team is key to perform the transaction
Ensure all transactions are being performed based on standard work process to comply with Finance policy
Responsible for tax invoice write back (China, Korea only)
Any ad hoc duties assigned by her/his superior as deemed necessary



MINIMUM REQUIREMENTS AND QUALIFICATIONS


Candidate must have at least Degree in Accounting, Finance, Banking or equivalent

Good communication skills and ability to work as part of a team

Ability to speak and write good English is a must, able to speak Chinese will be an advantage.

SAP experience or any experience in a Shared Service would be advantage

Demonstrated detail orientated skills to be able to complete task accurately

Must have basic problem-solving skills to analyses issue.